I was going to write “simple fix”, but fix is the problem. For the basics read this BBC explainer. The technical problem is that both Libor and FX have a batch closing cycle…how quaintly Victorian. The “close” (aka the “fix”) has a real need. Lots of financial systems need to enter a FX or Libor […]
Post Tagged with: "libor"
Some have suggested that Quora might be the new Google. While we won’t go that far, the Q&A site offers a unique window into what’s bugging people right now, including those engaged in financial services. Here are the five most popular banking-related questions being fielded on Quora right now: This OrangeRead More
The Dodd-Frank Wall Street Reform and Consumer Protection Act represent a significant step-change in the global financial services regulatory structure. Some of the provisions associated with Dodd-Frank present both technological and supervisory implications for those firms engaged in swaps activities. As a consequence of this shift in the regulatory landscape,Read More